Moody's: Logan Property's corporate family rating unaffected by issuance of perpetual securities
Announcement: Moody's: Logan Property's corporate family rating unaffected by issuance of perpetual securities. Global Credit Research- 25 May 2017. Hong Kong, May 25, 2017-- Moody's Investors Service says that Logan Property Holdings Company Limited's issuance of USD350 million perpetual securities on 25 May 2017 will not immediately impact its Ba3 corporate family rating or the stable outlook on the rating.Logan Property Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the property development, property investment and construction in the People's Republic of China. Co. develops and sells residential properties and retail shops; leases office units and retail shops and constructs office premises and residential buildings. As of Dec 31 2016, Co. had 22 investment properties with a total gross floor area of approx. 460,554 sq. m.
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